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MENAFN Press - 07/11/2012

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(MENAFN Press) Amman, November 2012 “

CFA Society Jordan will host the CFA Institute Research Challenge in Jordan. CFA Society Jordan, a representative of CFA Institute “ the global association of investment professionals made up of portfolio managers, investment advisors, educators and other financial professionals “ will hold the local level of this global competition on 11th March, 2013, under the patronage of the Amman Stock Exchange. During the Jordan round, five teams of three to five students from the Kingdom's leading universities and business schools will compete for a place in the regional final in April 2013 in London, where they will meet other finalists from the region. The successful team will then compete in the Global Final, to be held in April 2013, in London.

The CFA Institute Research Challenge offers students the unique opportunity to develop and present an equity research report and compete on a global basis. Students will learn from leading industry experts and their mentors and peers from the world's top business schools. This annual educational initiative is designed to promote best practices in equity research among the next generation of analysts through hands-on mentoring and intensive training in company analysis and presentation skills.

For this year's local challenge, Arab Potash Company (APC) has been selected to be the subject company for coverage, given the company's uniqeness on the Jordanian, Arab and global levels. APC is one of the largest on the Amman Stock Exchange in terms of profitability and market capitalisation. It is also the seventh largest producer and the fifth largest seller of potash worldwide.

Commenting on the challenge, Jameel Anz, CFA and President of the CFA Society Jordan said, "We are delighted to host the challenge for the second year running, thereby offering a unique opportunity for university students in Jordan to gain real-life investment expertise and learn from leading industry experts. The esteemed patronage of the Amman Stock Exchange and the partnership with the Arab Potash Company, one of the three largest companies on the Amman Stock Exchange by market capitalization, to be the subject company of the challenge, is testament to the confidence these sterling institutions have in the challenge and the values of the CFA Society Jordan."

The global competition, which runs until April 2013, is expected to attract 3,300 students and 750 universities in nearly 60 countries.

The CFA Institute Research Challenge requires the student teams to conduct an analysis on and research a publicly-traded company with the help of the company's management, who will provide related information and be available to answer questions. It also includes mentoring by a professional CFA charterholder analyst who will be assigned to each team during the research process to review and critique their reports. The CFA Institute Research Challenge also requires the teams to write a research report and produce an Initiation of Coverage report on their chosen company, to later be reviewed and scored by a group of judges.

The teams will deliver their final presentations to be evaluated by panels of experts from top financial institutions, whereby the team with the highest combined written report and presentation score will be announced as the winner and will advance to the regional level of the Research Challenge. Panelists include heads of research, portfolio managers and chief investment officers from the world's top firms. The regional winners will then advance to compete at the CFA Institute Research Challenge Global Final. At the regional and global stages of the Research Challenge, teams are evaluated solely on their presentations.

For more information, visit the CFA Institute Research Challenge website at www.cfainstitute.org


About CFA Society Jordan
CFA Society Jordan is a member society of CFA Institute and was established in 2002. Its mission is to advance the interest of the local investment community by promoting and maintaining the highest standards of professional excellence and integrity; contributing to the development of local capital markets and professional skills; and actively promoting the CFA Program. CFA Jordan spreads awareness on the highest standards of practice and professionalism among the industry's practitioners, promoting the CFA designation as the highest professional investment accreditation. It contributes to the development of the investment sector in Jordan and undertakes the following activities:Promoting the CFA charter and the CFA ProgramHolding networking and knowledge eventsExecuting the continuing education processSpreading information on job opportunities among its membersCFA Society Jordan has established relationships with several Jordanian universities, as well as other active organizations in the finance and investment field. Its long term strategy is to continue to institutionalize the very best international standards and professional ethics within the Jordanian investment community as well as to create a culture of knowledge, excellence, professionalism and integrity among the industry's practitioners.About the CFA Institute Research ChallengeThe challenge gathers students, investment industry professionals, publicly traded companies, and corporate sponsors together locally, regionally, and globally for a world competition. In order to promote best practices in equity research and company analysis, students research, analyze, and report on a company as if they are practicing analysts. Local CFA member societies and other affiliated groups host local level competitions of the Research Challenge in conjunction with the participating universities. The universities assemble teams of three to five business and finance students who work directly with a company in researching and preparing a company analysis. The team's final presentations are locally evaluated by high-profile panels of heads of research, portfolio managers, and chief investment officers from the world's top firms. The local champions advance to regional competitions in the Americas, Asia Pacific, and Europe, Middle East, and Africa (EMEA) and then to the Global Final.About CFA InstituteCFA Institute is the global association for investment professionals. It administers the CFA and CIPM curriculum and exam programs worldwide; publishes research; conducts professional development programs; and sets voluntary, ethics-based professional and performance-reporting standards for the investment industry. CFA Institute has more than 105,000 members, who include the world's 97,000 CFA charterholders, as well as 135 affiliated professional societies in 58 countries and territories. More information may be found at www.cfainstitute.org. About Arab Potash CompanyThe Arab Potash Company (APC) was established in 1956 as a pan-Arab venture to extract and process minerals from the Dead Sea. It has since then successfully evolved into a key global player and has become one of the largest mineral and industrial fertilizer companies in Jordan. APC has been on the forefront of companies in Jordan to obtain and implement various international quality assurance certifications and consistently strives to achieve and maintain quality. This approach has enabled APC to drastically increase its competitive edge locally, regionally and globally. APC is considered amongst the largest companies in Amman Stock Exchange in terms of profitability and market capitalization, moreover APC currently employs more than 2,300 workers in its three locations in Amman, Aqaba and Ghor El Safi, producing 2.4 million tons of potash annually and exporting more than 90% of its products to over 30 countries. In line with its corporate strategy, APC plays an active role in supporting various community development projects and is a major supporter of and contributor to socio-economic and environmental development.

 






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